Australia Shunchang 1H16LED revenue, gross profit expected in the second half to double down

24 evening, Jiangsu Australia Shunchang Limited by Share Ltd released a semi annual report. Announcements, the company semi annual total revenue of 722 million 722 thousand and 500 yuan, down 7.73%; realize operating profit 120 million 617 thousand and 100 yuan, down 12.17%; net profit of 110 million 388 thousand yuan, down 27.49%; attributable to shareholders of listed companies net profit of 89 million 1 thousand and 600 yuan, down 32.64% over the previous year.

During the reporting period, the company's overall operating in good condition, to maintain a steady increase in the metal logistics business; LED chip business by the overall industry influence, revenue and profitability fell more significantly, but still higher than the industry average level; at the same time, in June 2016, the new lithium battery business into the scope of consolidation, the overall strategy of prototype company and lithium battery business and semiconductor business the basic form of metal logistics business.

Main business composition

The first half of 2016, LED business production line at a high level of basic operations, but for a quarter of the market in the industry bottom, dragged down the entire reporting period, operating income and profit decline greatly, achieved operating income of 149 million 420 thousand yuan in Huaian photo during the reporting period, the contribution attributable to shareholders of listed companies net profit of 16 million 824 thousand and 100 yuan, accounting for the proportion of net profit the listed company is 18.90%. Sub quarter view, two quarters of the company's LED business, through the adjustment of product structure and customer structure, bottoming out in the market environment, release full capacity revenue and gross margin increased significantly QoQ, the second half is expected to continue to improve the overall business LED.

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